Can interest charged by private pf trust be more than what the Govt decides ?

POSTED BY roshan ON July 2, 2014 5:36 pm COMMENTS (3)

My friend’s company EPF is managed by a private trust . For FY2013/14 the Govt had announced 8.75% interest rate. My friend says that his private pf trust gave 9.5% interest rate.  Is this possible? if yes,do i have a choice to move my epf to a private trust or am i bound by the pf trust my company chooses?

3 replies on this article “Can interest charged by private pf trust be more than what the Govt decides ?”

  1. Hemanth Chandra says:

    So, this means that the interest on PF should be at least the percentage decided by the Govt. 🙂

  2. roshan says:

    I did see the statement..it is mentioned as 9.5 !!!

  3. Hemanth Chandra says:

    I think you are bound by the pf trust your company chooses…..

    Even my company has a private trust and only gives interest as per the Govt. interest rate…. Not sure why your friend’s company is giving more interest…… Ask your friend to check clearly again.

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